Investment News: Cannabis Extraction Agreement
Works and HEXO Corp sign 2 Year Extraction Agreement This contract allows Valens to provide cannabis and hemp extraction services for HEXO.In this 2-y …
Valens GroWorks and HEXO Corp sign 2 Year Extraction Agreement
This contract allows Valens to provide cannabis and hemp extraction services for HEXO.In this 2-year term. HEXO will supply 30,000 KG of cannabis and hemp in the first year and 50,000 KG in the second.After, Valens extracts this material with their leading extraction processing methods on a fee for service basis into resins and distillates.In addition to being a cannabis product and service provider, Valens is known for their "best in class" extraction services. While, HEXO is a leading cannabis producer.The process awaits to start early Q3 of 2019. However, after the first year the contract can close with 90 days written notice.Overall, both parties are happy to work together and look forward to creating high-class and innovative products.“As the cannabis market continues to evolve with the pending legalization of additional auxiliary products later this year, we are honoured to be recognized by the leaders in the industry like HEXO...” says Tyler Robson, CEO of Valens GroWorks according to the press release.For more information on Valens (VGW:CSE) and HEXO Corp. (HEXO:TSX) read the press release here and please fill out the form below.
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